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Trendline TakeProfit EA MT5

A robot that real-time supervise your open position and close it once the price level touches (or is close to touch) a previously selected trendline.

You don't have to constantly watch your open position and wait for the proper time to close it. It automatically does this entire process and gives you time to spot new market opportunities.

It can be attached to multiple charts and assist multiple open positions at the same time.

Setup steps

  1. Draw a trendline on chart (using your mouse)
  2. Allow MetaTrader 5 Client Terminal Auto Trading (Algo Trading) (Ctrl+E) option
  3. Load (Attach to Chart) the EA
  4. Click the trendline (left mouse button)
  5. Update the Assistant and Target input parameters as desired (or use the default ones)
  6. Click the Enable button


Input parameters (editable)


Assistant

  • Action - Close
  • Position ticket - The open position ticket number (this can be found in Toolbox -> Trade -> Open positions list view-> "Ticket" column that corresponds to position's row)
  • Deviation - Maximal deviation from the current price (in points). This can be any value between 0 and 50. The default value is 0 and the step is 1. Detailed information can be found here
  • Notifications - While in an enabled state, if this checkbox is selected, the Assistant will send a confirmation push notification to your mobile device once the target price is reached and the position is closed

Target

  • Tolerance It allows you to set a lower / upper take profit target price level (a few points below / above the trendline's current price level). This can be any value between -500 and 500. The default value is +/- 30 (+30 in case that the trendline is below the current ask price; -30 in case that the trendline is above the current bid price) and the step is 10


Informational parameters (not editable)


Instrument

  • Symbol - The chart symbol
  • Period - The chart period
  • Ask price - The chart symbol's ask price
  • Bid price - The chart symbol's bid price

Trendline

  • Time - The current market watch
  • Price - The trendline's price level at the current market watch

Assistant

  • Status - The Assistant's current status (Enabled / Disabled)

Target

  • Price - The price level the open position will be closed at

    • for a support trendline: Target price = Trendline price + Tolerance
    • for a resistance trendline: Target price = Trendline price - Tolerance

  • Points to - The remaining points to Target price level
    • for a support trendline: Points to = Ask price - Target price
    • for a resistance trendline: Points to = Target price - Bid price

Important

  • Before enabling the EA you have to turn on the MetaTrader 5 Client Terminal "Auto Trading (Algo Trading)" (Ctrl+E) option. This allows EA to automatically close a position. Detailed information can be found here.
  • The EA is reinitialized once the chart's period is changed (the EA needs to be re-enabled for the newly selected period).
  • Before using the Notifications feature you have to setup your MetaTrader 5 Client Terminal and your MetaTrader 5 Android and /or MetaTrader 5 iPhone/iPad accordingly. Detailed information can be found here.
  • The Trendline and Target price levels evolve in time depending on the trendline's slope.
  • The Target price is marked on chart by a target icon. While the Assistant is disabled the target icon is blue. The icon turns red while the Assistant gets enabled.
  • Wisely set a Target Tolerance. It allows you to target a more realistic take profit price level.


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Panel de comercio para operar en 1 clic. ¡Trabajando con posiciones y pedidos! Operar desde el gráfico o desde el teclado. Con nuestro panel de operaciones, puede ejecutar operaciones con un solo clic directamente desde el gráfico y realizar operaciones comerciales 30 veces más rápido que con el control estándar de MetaTrader. Los cálculos automáticos de parámetros y funciones hacen que las operaciones sean más rápidas y cómodas para los operadores. Consejos gráficos, etiquetas informativas e in
-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt5 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert -  Risk reward indicator mt5 Video tutorials, manuals, DEMO download   here .   Find contacts on my   profile . 1.   Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extend
HYT utility
Sergey Batudayev
5 (1)
HYT (Help Your Trading) is a tool designed to help you average down your losing positions using two main techniques: Standard averaging . Hedging with subsequent opening of positions in the direction of the trend . Buy 1 and 1 get FREE This tool allows you to manage multiple positions opened in different directions, both for buying and selling. HYT automatically calculates the size of the next position , order price, direction for averaging, and closing the position with a specified take-profit
RiskGuard Management
MONTORIO MICHELE
5 (16)
ATTENTION the expert does not work in strategy tester, for a trial version visit my profile. Manual RiskGuard Management   RiskGuard management was born with the idea of ​​helping traders from their initial journey to becoming expert and aware traders. Compatible with any operating system whether Mac or Windows. The operations panel is integrated into the graph giving the possibility to choose size and position between right and left, while the various buttons light up when they can be used,
Trade copier MT5
Alfiya Fazylova
4.48 (27)
Trade Copier es una utilidad profesional diseñada para copiar y sincronizar operaciones entre cuentas comerciales. La copia ocurre desde la cuenta / terminal del proveedor a la cuenta / terminal del destinatario, instalada en la misma computadora o vps. Antes de comprar, puede probar la versión de demostración en una cuenta de demostración. Versión de demostración aquí . Instrucciones completas aquí . Principales funcionalidades y beneficios: Admite la copia de MT5> MT5, MT4> MT5, MT5> MT4, incl
Cerberus Equity Watcher
Samuel Bandi Roccatello
5 (2)
Cerberus the Equity Watcher es una herramienta de gestión de riesgos que monitorea constantemente   el valor de tu cuenta y evita drawdowns importantes, que sean ellos causados por EA defectuosos o por las emociones si eres un trader discrecional. Es extremadamente útil para los traders sistemáticos que confían en EA que pueden contener errores o que pueden no funcionar bien en condiciones de mercado inesperadas. Cerberus   permite establecer un valor mínimo de tu cuenta y (opcionalmente) un va
Designed for automated trading on the Nasdaq (US100, USTEC, NAS100, NDX100, etc.). It will not work on other assets! To correctly   test, it is necessary to configure the TesterTimeShift parameter.  TesterTimeShift   is the time difference in hours between the terminal time and the time in the visual mode of the strategy tester. This is based on research by BIASMACHINE And the related Telegram notification service . It uses statistical patterns identified in the research to find and plac
Auto Trade Copier for MT5
Vu Trung Kien
4.27 (22)
Auto Trade Copier está diseñado para copiar los oficios entre múltiples cuentas MT5 / terminales con una precisión absoluta. Con esta herramienta, puede actuar como proveedor (fuente ) o receptor (destino ) . Cada acciones comerciales podrán ser clonados del proveedor al receptor sin demora. Las siguientes son las funciones destacadas :     Cambie entre proveedores o función del receptor en una sola herramienta.     Un proveedor puede copiar los oficios a las cuentas de múltiples receptor
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Versión 1.1 2019.02.14
Version 1.01

Bug fixed: The Target icon is now correctly recalculated and redraw on chart (when the Target price level evolves in time depending on the trendline's slope).